Ukraine's agricultural sector may face losses of $1.5 to $3 billion due to maritime export issues

Ukraine's Minister of Agriculture claims potential losses in the agricultural sector could range from $1.5 to $3 billion due to maritime export challenges. Russian attacks on port infrastructure threaten the export of roughly half of the forecasted grain and oilseed volumes this year. Alternative export routes may only account for 50-55% of previous volumes and at higher costs, which could impact global food prices.